FY NET PROFIT GAINS 13% TO $22MLN

Retail and financial services company
Thorn Group
said its net profit for the year ended March 31 rose 13 per cent to $22 million.

Revenue in the period gained 8.6 per cent to $158 million, the company said in a statement to the Australian stock exchange. The company said it would pay a final dividend of 4.95¢, adding that its gearing levels remained “conservative".

“This takes the full-year dividend to 8.49¢, up 34 per cent from 2010," the statement said.